U.S. Manufacturing Technology Orders Increased in December Coming in at Second Highest Monthly Total for 2019

U.S. manufacturing technology orders rose 24 percent in December from the previous month to $404 million, according to the latest U.S. Manufacturing Technology Orders report published by AMT – The Association For Manufacturing Technology. December manufacturing technology orders were the highest in 2019 after March, but down 9 percent from December 2018.  The year-end total is $4.5 billion, a decline of 17 percent from the year-end total in 2018. 

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U.S. Cutting Tool Orders Down 1% in November Year to Date

November 2019 U.S. cutting tool consumption totaled $189.1 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was down 12.6 percent from Octobers's $216.4 million and down 9.7 percent when compared with the $209.4 million reported for November 2018. With a year-to-date total of $2.3 billion, 2019 is down 1.1 percent when compared with 2018. Please note revisions to September 2019 through October 2019 data. 

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U.S. Manufacturing Technology Industry Generally Optimistic About 2020 Despite Decrease in November Orders

U.S. manufacturing technology orders fell 15 percent in November from the previous month to $320 million, according to the latest U.S. Manufacturing Technology Orders report published by AMT – The Association For Manufacturing Technology. For the first 11 months in 2019, manufacturing technology orders were $4.1 billion, down 19 percent from $5 billion in 2018 which was an especially strong year. 

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MT360 Brings Together the Technology, Manufacturing, and VC Communities to Demonstrate the Role of Transformative Technologies in the Future of Manufacturing
The Association For Manufacturing Technology (AMT) today announced that its MT360 Conference will be held May 12-14, 2020 at the Santa Clara Convention Center in Santa Clara, CA. The unique event brings together the technology, manufacturing, and VC communities to discuss and demonstrate the role of transformative technologies in the future of manufacturing.  (more)
MTConnect® Institute Releases Version 1.5.0 of the MTConnect Standard
McLean, Va. (December 16, 2019) - The MTConnect Institute, standard development organization for MTConnect, announces the release of Version 1.5.0 of the MTConnect standard, the world’s only free, open semantic vocabulary for discrete manufacturing. 
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U.S. Cutting Tool Orders Up 10.2% In October from September

October 2019 U.S. cutting tool consumption totaled $216.1 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was up 10.2 percent from September's $196 million and down 3.3 percent when compared with the $223.5 million reported for October 2018. With a year-to-date total of $2.1 billion, 2019 is down 0.1 percent when compared with 2018. Please note there were revisions to September 2019. 

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U.S. Manufacturing Technology Orders Increase in October; Gains Shared by Small, Medium, and Large Job Shops

U.S. manufacturing technology orders totaled $376 million in October 2019 according to the latest U.S. Manufacturing Technology Orders (USMTO) Report published by AMT – The Association For Manufacturing Technology. October orders increased 2 percent over September 2019. New orders placed in October 2019 fell 21 percent from October 2018, which was one of the best Octobers in USMTO history. 

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U.S. Cutting Tool Orders Up 0.2% In September 2019 YTD/YTD

September 2019 U.S. cutting tool consumption totaled $195.9 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was down 4.3 percent from August's $204.7 million and down 7 percent when compared with the $210.6 million reported for September 2018. With a year-to-date total of $1.8 billion, 2019 is up 0.2 percent when compared with 2018. Please note there were revisions to August 2019. 

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U.S. Manufacturing Technology Orders Decrease in September, but Automotive Sector Sees Slight Increase
U.S. manufacturing technology orders fell 1 percent from the previous month to a total of $361.5 million in September 2019 according to the latest U.S. Manufacturing Technology Orders Report published by AMT—The Association For Manufacturing Technology. Orders decreased 41 percent from September 2018, yielding a 10 percent decline in the first three quarters of 2019.  (more)
U.S. Cutting Tool Orders Up 3.3% In August from July

August 2019 U.S. cutting tool consumption totaled $205.1 million according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was up 3.3 percent from July's $198.5 million and down 8 percent when compared with the $222.8 million reported for August 2018. With a year-to-date total of $1.7 billion, 2019 is up 1.2 percent when compared with 2018. 

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You have the solutions

While working on a marketing email, I went to my usual spot for assistance, Thesaurus.com. A banner for the word of the year appeared. Immediately intrigued, I clicked.

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Speak your customers’ language

Recently, I taught a sales fundamentals class to some young, malleable minds at BIG KAISER in Hoffman Estates, Ill. We were discussing the 6 Step Process and the next slide was a scene that we use from the movie “Tommy Boy.” In fact, we use several scenes from “Tommy Boy” because the metamorphosis of Tommy from a total buffoon to a great salesman is not only hysterical to watch but also contains several truisms about the sales process.

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Tech Trends Bits

Here are a few of this month’s juicy articles from MTInsight’s Tech Trends. To get up to speed, use the Bitly link to view the full article.

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Ryan Kelly joins AMT as general manager of new San Francisco Tech Lab

AMT is pleased to announce that Ryan Kelly has joined the organization to serve as general manager of AMT’s new San Francisco Tech Lab. The tech lab will be AMT’s first in the United States and will provide a variety of resources to jumpstart members’ business development and relationship-building with the manufacturing, technology, and investment communities in the Bay Area.

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The U.N. of manufacturing technology

Most readers are aware that AMT’s mission is to represent and promote U.S.-based manufacturing technology (MT) and its members. We strive to be an active partner with our members and assist in their quest to be global leaders in innovating, producing, and implementing advanced manufacturing technology solutions.

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Founded in 1902, AMT – The Association For Manufacturing Technology represents builders and distributors of manufacturing technology -- the advanced machinery, devices, and digital equipment that U.S. manufacturing relies on to be productive, innovative, and competitive. Located in McLean, VA, near the nation's capital, AMT acts as the industry's voice to speed the pace of innovation, increase global competitiveness and develop manufacturing's advanced workforce of tomorrow. With extensive expertise in industry data and intelligence, as well as a full complement of international business operations, AMT offers its members an unparallelled level of support. AMT also produces IMTS - The International Manufacturing Technology Show, the premier manufacturing technology event in North America.

AMT's goal is to provide the programs and services that will grow members' businesses in every facet - -product innovation, market expansion, employee development - and to represent and promote members and the manufacturing technology (MT) industry to the world at large. Find out if your company is eligible for AMT membership.

At AMT, we understand that our members have two main objectives in running their businesses – increasing sales and decreasing costs! Understanding this fundamental perspective, we strive to address this need in specific ways.
  • Providing access to markets in the U.S. and around the world.
  • Producing industry intelligence that will position your business for success and allow you to make informed decisions.
  • We bolster those core solutions with unique networking and engagement opportunities, by hosting industry events; advocating for the industry; building a Smartforce; and providing access to leading edge, and potentially disruptive, technologies.
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Ritz Carlton St. Louis
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Access To Markets
Access to Markets
Anywhere in the world you want to be, AMT is uniquely positioned to build sales and support your business. AMT’s Global Services range from domestic business support to full-service tech centers.  We provide access to markets in the United States and around the world. 

Explore a foreign market by participating in an AMT/USA pavilion or AMT oversea technical center. Utilize an AMT foreign office or visit your potential customers where the purchasing decisions are made with AMT trade missions. 
Manufacturing Technology
tech trendsTech Trends addresses trends in manufacturing technology from three perspectives:
  • Newly accepted production technologies
  • Greatest needs and challenges still remaining
  • Areas of interest within R&D

Standards

MTConnect is an open communication standard that provides the capability to pass data from machine tools to higher level systems for further processing using the XML-based standard. 

The ANSI B11 series of American National Standards and Technical Reports deal with machine tool safety and specify requirements for both the suppliers and users of the machines.

The Metalworking Skill Standards are common skills and competencies a worker needs to perform well on the job.

 
Industry Intelligence
 
AMT produces industry intelligence that will position your business for success and allow you to make informed decisions.

Knowledge of the current and coming economic environment, as well as the manufacturing technology industry and its customers is the key to strategic planning. Gain this data and accompanying analysis from AMT's Global Forecasting & Marketing Package (GFMP).

We provide unique analysis of trends impacting your company, markets and customers. 
  • United States Manufacturing Technology Orders (USMTO) - The only valid benchmark for market share and the best barometer of your customers' business. 
  • MTInsight allows you to visualize economic trends, pinpoint market share and review potential capital investment worldwide.
  • On-demand market research tailored to your company's needs
Contact AMT's industry and research analysts for your tailored research and to participate in any of AMT's benchmarking surveys